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PayPal Announces Intent To IPO

Posted by ryuzaki0 on from the get-while-it's-good dept.

seek31337 was the first to write to us with the word-direct-from-the-mouth that PayPal has announced its intention to IPO. Not much other details, but interesting nonetheless.

5 of 180 comments (clear)

  1. Re: Didn't know... by Inthewire · · Score: 2, Interesting

    Floating is the correct term...company I work for processes billions of dollars of bills for our clients each year...we make a bit on each transaction, about enough to cover overhead...the actual profit comes from the interest on that money (the float)...the bills we pay are typically due 60 days from the date of service...so we hold our clients funds for an average of 50 days...interest is a wonderful thing!

    --


    Writers imply. Readers infer.
  2. Well run, good people, a business model that works by helloRockview · · Score: 5, Interesting
    Not surprisingly, a lot of Slashdoters doubt PayPal...which is understandable, since it's so difficult to believe that any pure-play dot com can survive these days.

    However, I've had the pleasure of working closely with many of PayPal's senior management over the past two years, back since they merged with X.com. I can tell you three very important things:

    1. The P2P space is actually a loss leader. Most of their profit is made in the B2B and B2C space - not pure P2P as most people believe. They do very well in these spaces and recent analysts predict that their revenue was between $80 and $100mil last year. That's a heck of a lot better than most of the not-coms we've seen over the past several years.

    2. They have an incredibly intelligent, dedicated and savvy staff that understands their market and industry.

    3. They have a business model that works.

    In my opinion, these three items equal success.

    I love their service and I enjoy working with the company. If I didn't enjoy my current job so much, I'd probably apply for a job with them.

  3. As seen on TV next week... by maggard · · Score: 3, Interesting
    Of course the synchronicity of Robert X. Cringley having a PBS special on digital money next week is entirely coincidental...

    (Is it considered part of the pre-IPO quiet period to be featured on a nationial television special?)

    --
    I don't read ACs: If a post isn't worth so much as a nom de plume to its author then I wont bother either.
  4. As someone who uses paypal daily by MSisNOT4Sale · · Score: 3, Interesting

    I have a paypal debit/mastercard card and I must say I absolutely love it. I could get a check card from my bank but they don't offer me 1.5% cashback like paypal does and I would hate to lose my check card. With the paypal card I can easily keep at least 120-180 in my account at all times to pay for stuff when I don't want to use real cash.

    I'm definitely going to buy a few shares from them

    --

    When death looks you in the eye, smile. Someone needs to cheer him up.
  5. Re:Well run, good people, a business model that wo by dillon_rinker · · Score: 3, Interesting

    TAKES THE MONEY FROM YOUR BANK ACCOUNT* without your authorization

    1. You don't grant access to your account on a transaction-by-transaction basis; you grant access to your account PERIOD. I'm sorry if your buddy didn't understand this fact of banking. Kind of an expensive way to learn it; clearly you've learned from his mistakes.

    2. If someone defrauds you, you prosecute them. I'm sorry if your buddy's DX7 keyboard and his $350 weren't worth his time; that was his choice. It's not PayPal's problem if you are defrauded; it's your problem.

    I use PayPal. I know the risks. If they foul up my account I will pursue fraud charges against them. If someone else rips me off, I'll pursue fraud charges against THEM. Everybody needs a hobby, and from time to time it becomes my hobby to make people responsible for their actions.